Mortgage Loan Officer at MERITRUST CREDIT UNION

Wichita, Kansas, United States -

Full Time

Start Date

Immediate

Expiry Date

29 Mar, 26

Salary

0.0

Posted On

29 Dec, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Mortgage Lending, Customer Service, Sales, Mathematical Concepts, Attention To Detail, Underwriting Guidelines, Encompass LOS, Regulatory Requirements, Conflict Resolution, Communication Skills, Problem Solving, Credit Analysis, Loan Processing, Relationship Building, Marketing Efforts, Training Participation

Industry

Banking

Description

Job Details Level: Experienced Job Location: Wichita, KS 67202 Position Type: Full Time Education Level: High School Job Shift: Day We recognize that in order to meet the needs of our communities, we must represent our communities. Our success relies on creating a culture where we have diverse perspectives and a true sense of belonging. This is a journey, and we pledge to do more than simply check the box. When you join the Meritrust team, your benefits will include: Comprehensive medical insurance plan Dental and vision insurance Generous paid-time-off 12 paid holidays 401(k) plan Wellness program Tuition assistance Employee loan discount Employee Assistance Program (EAP) Life and disability coverage What sets working for Meritrust apart? Career development and pathing opportunities to move into leadership roles or other lines of business within MCU such as Commercial Lending, Finance, Marketing, Underwriting, Member Solutions, Training, Human Resources, and more. Supportive and engaging work environment. A wellness and sustainable work culture that puts family, Mother Nature, our community, and your health first. A work environment that encourages personal as much as professional growth, teamwork to make the dream work, and treating everyone equally. Studies have shown that individuals from marginalized and or historically underrepresented groups may be less likely to apply for jobs unless they meet every one of the qualifications listed. We are most interested in finding the best candidate for the job. We would encourage you to apply for a job at Meritrust Credit Union, even if you don’t meet every one of our qualifications listed. This is a full-time position working 40 hours a week, Monday-Friday 8:00am - 5:00pm. POSITION SUMMARY: Originates mortgage loans. Develops referral relationships with realtors, builders, bankers, and other sources to proactively solicit business and conduct sales-related activities to meet specific loan volume origination goals. Takes applications, conducts preliminary underwriting reviews, and submits loan applications to processing. This position contributes to a positive relationship between the community, member, and the credit union. ESSENTIAL FUNCTIONS: • Provides excellent service to both new and established members • Originates loans and assists members with the loan application including explanation of first mortgage process and products while assuring compliance with PMCU, state, federal, investor and TRID standards • Completes loan app, input fees, and generates loan disclosures in accordance with TRID guidelines • Collect and analyze prospective clients, credit, liabilities, income, and assets to determine credit worthiness • Order and understand residential appraisal reports • Price and lock loans • Complete HMDA on adverse loans • Understand and manage mortgage loan deadlines to ensure purchase contract compliance and closing dates • Submit complete file to processing within 48 hours of lock • Provide continuing counsel and customer service to borrower throughout the entire loan process • Assist walk-in members and telephone inquiries as needed • Maintain consistent communication with members and operations staff • Develops and maintain relationships with potential new business referral partners, realtors, builders, and community relationships • Develop individual Sales Plan to generate additional business • Assist in the marketing effort including SEG presentations, first time home buyer seminars, and community functions • Participates in on-going training classes and workshops • Maintains a professional image and standards consistent with company policies and procedures. • Respects confidentiality of information handled • Performs other duties as assigned Final Compensation for this position will be determined by various factors such as relevant work experience, specific skills and competencies, education, certifications, and internal pay equity. This position is eligible for a monthly incentive plan. We anticipate this position to close within 30 days of posting. Please submit your application at your earliest convenience to be considered. You may not check every box, or your experience may look a little different from what we've outlined, but if you think you can bring value to Meritrust Credit Union, we encourage you to apply! Thank you for your interest in Meritrust Credit Union. Qualifications QUALIFICATIONS EDUCATION/CERTIFICATION: • High school diploma or equivalent REQUIRED KNOWLEDGE: • Knowledge of state, federal, and FannieMae/FreddieMac rules and regulations • Have familiarity with conventional and government mortgage loan programs (FHA/VA/USDA) and guidelines • Ability to work and apply mathematical concepts such as multiplication, division, addition, subtraction, fractions, percentages, ratios, and proration's in calculating mortgage payments and loan estimates • Attention to detail • Knowledge of first mortgage products and underwriting guidelines • Proficient in Encompass LOS • Knowledge of loan policy, procedures, and guidelines • Understanding of regulatory and legal requirements • Proficient with Desktop Underwriter and Loan Prospector • Ability to work without supervision, multi-task, and prioritize • Knowledge of data processing on-line systems • Substantial knowledge of credit union policies and services PREFERRED EXPERIENCE: • Minimum 2 years mortgage lending experience • National Mortgage Licensing System and Registry (NMLS) registration SKILLS/ABILITIES: • Clear verbal and written skills • Ability to deal effectively and tactfully with members and staff at all levels • Ability to communicate with members in common language • Ability to deal with conflict and problem solve effectively • Must be able to type 50-55 WPM with a 97% accuracy rate.

Responsibilities

The Mortgage Loan Officer originates mortgage loans and develops referral relationships to solicit business. They assist members with loan applications and ensure compliance with relevant standards.